Dogecoin: Symmetrical Triangle on Hourly Chart
@TATrader_Alan posted that Dogecoin may be ending its downtrend via a symmetrical triangle pattern on the hourly timeframe.
SourceAnalysis
@TATrader_Alan flagged a potential symmetrical triangle on the DOGE hourly chart that could mark the end of the prevailing downtrend.
Price sits at $0.08 with both EMA50 and EMA200 also at $0.08, locking the market inside a flat bearish structure. The MACD death cross remains intact while RSI at 40.6 shows neutral momentum and price trades inside the Bollinger Bands with no volatility spike yet. A break above the upper band at $0.08 would be required to shift bias, otherwise the 50-EMA confluence continues to act as resistance capping any relief rally.
Trader Tardigrade
@TATrader_AlanTechnical chartist and crypto content creator focused on Bitcoin and altcoin pattern analysis.